Author : Ed Harris
Publisher : DIANE Publishing
ISBN 13 : 9781422319697
Total Pages : 20 pages
Book Rating : 4.3/5 (196 download)
Book Synopsis Effective Federal Tax Rates Under Current Law, 2001 To 2004 by : Ed Harris
Download or read book Effective Federal Tax Rates Under Current Law, 2001 To 2004 written by Ed Harris and published by DIANE Publishing. This book was released on 2008 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines how effective federal tax rates will change over the coming decade under current law -- that is, if the provisions of tax laws enacted in 2001, 2002, & 2003 phase in, phase out, & ¿sunset¿ as scheduled. Under current law & the assumption that incomes grow at a constant rate, the overall effective federal tax rate drops from 21.5% in 2001 to 19.6% in 2004. It then rises irregularly over the subsequent decade as tax provisions phase in & out. The increases in the effective tax rate between 2005 & 2010 & between 2011 & 2014 occur primarily because rising real incomes move taxpayers into higher tax brackets & the alternative minimum tax affects more taxpayers over time. Charts & tables.